Fleet Palm

Fleet announced this morning wireless banking and bill paying capabilities for online customers who use Palm-compatible handheld devices. Customers of ‘Fleet HomeLink’ online banking can now use a PDA to view real-time banking balances, credit card accounts, and Quick & Reilly investment account balances and details, including the last ten transactions; schedule transfer of funds; pay bills to existing ‘HomeLink’ payees, review and delete scheduled bill payments and transfers; and receive ‘HomeLink’ alert messages. Fleet has 1.4 million ‘HomeLink’ customers or 36% of its bank card customer base.

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Trintech Advisory Board

Trintech Group Plc, a leading provider of secure electronic payment infrastructure solutions for the real world, internet and wireless transactions, announced the appointment of Mr. Dennis Goggin and Mr. Paddy Byrne as Regional Directors representing Asia Pacific and Europe on the Advisory Board of Trintech Group Plc.

Mr. Goggin joins Trintech after nearly three decades of successful international banking assignments with Chase Manhattan. He previously served as President and CEO of VISA International/Asia Pacific Region. His extensive payment and card association experience will be invaluable to the Trintech team. In addition, he brings extensive Asia Pacific market knowledge as a result of his highly visible campaign to position Visa as the charge card and debit card leader in the Asia Pacific Region. In his Advisory Board role, Dennis will focus and concentrate Trintech on ePayment developments and progress in Asia Pacific.

Mr. Byrne joins Trintech after thirty years of banking, card and payment systems experience. He was the former Head of Payments, Credit Card, Electronic Business and Information Systems in Bank of Ireland for more than twenty years.

In addition, his external financial services roles have included Chairman of the Irish Payment Services Organization and Irish Banks Nominee on the European Payment Strategy Group. He also served on the VISA Advisory Board and the Europay Regional Board for a number of years. In his Advisory Board role, Paddy will focus on the dynamics in the European bank card market and the evolving security standards and protocols in the Region.

“Trintech is very fortunate to have two such highly regarded and well-respected executives joining the Advisory team,” said Cyril McGuire, Executive Chairman.

“The addition of Paddy and Dennis as Regional members of our Advisory Board comes at an important time in our global growth,” added McGuire. “Given the current state of the global economy, seasoned individuals with comprehensive payment knowledge of strategically important regions like Asia Pacific and Europe are very important to us as we move to solidify our global leadership position in online card payment, eCommerce and mCommerce product offerings.”

Commenting on the Advisory Board appointments Ed Jensen, Advisory Board Chairman said, “I am delighted to welcome Dennis and Paddy on board and am assured that their vision and payment industry knowledge will benefit Trintech in it’s mission to be the leading global provider of secure ePayment infrastructure solutions. Our Advisory Board is a dynamic and proactive group of payment specialists and I have no doubt that it will be further supported and enhanced by Dennis and Paddy’s appointments.”

About Trintech

Trintech is a leading provider of secure electronic payment infrastructure solutions for real world, Internet and wireless transactions. The company, founded in 1987, offers a complete range of payment software products for credit, debit, commercial and procurement card applications. Trintech’s secure product range is deployed in over 35 countries worldwide and covers the payment requirements of consumers, card issuing banks, merchant acquiring institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs, Portals and large corporations. The Group’s range of scalable, open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for all card-based payments, including eCommerce and the emerging world of mCommerce.

Trintech can be reached on the Web at [http://www.trintech.com][1]. Investor information can be found at [www.trintech.com/investor][2].

[1]: http://www.trintech.com/
[2]: http://www.trintech.com/investor

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Providian Exec

Providian Financial Corporation, one of the country’s leading bankcard issuers, announced A. William (Bill) Wiggenhorn, president of Motorola University, will join Providian as executive vice president and chief human resources officer. Wiggenhorn will replace John H. Rogers, who is retiring June 15, 2001, after serving the company since 1989.

“Providian’s most important assets are our employees, and Bill shares that philosophy,” said Providian Chairman and CEO Shailesh J. Mehta. “He has developed an outstanding reputation in building superb training and education solutions for Motorola businesses, associates, as well as Motorola customers and suppliers worldwide. We are delighted to be able to use his expertise.”

Wiggenhorn, a member of the Board of Regents for the Providian Learning Institute, the Company’s advanced management training program, is a widely-recognized human resources and adult learning expert, having participated at a variety of nationally and international prominent events. He is currently Chairman of the Board of Educational Testing Services of Princeton, New Jersey and Co-Chairman of the National Commission on Technology and Adult Learning.

“We will all miss John Rogers,” added Mehta. “His intellect, wisdom and wit have added so much to Providian over the years. We wish him a very happy retirement.”

San Francisco-based Providian Financial ([http://www.providian.com][1]) is one of the leading providers of credit cards and deposit products to customers in the United States, and also offers credit cards and deposit products in the United Kingdom and in Argentina. Providian Financial was named one of America’s Most Admired Companies by a survey in Fortune magazine, one of the nation’s top financial institutions by U.S. Banker magazine, and one of the most technologically innovative companies by InformationWeek magazine. The Company has more than $32 billion in assets under management and over 17 million customers.

[1]: http://www.providian.com/

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Gemplus Marketshare

Gemplus International S.A., a global provider of smart card solutions, has been named the undisputed leader in the smart card industry, according to the latest market survey conducted by Gartner Dataquest. Gemplus tops the smart card market with 35% market share for memory and micro-processor cards in 2000, 3% ahead of its nearest competitor. In all, the company shipped 623 million units last year, according to Gartner Dataquest estimates. Gemplus is even further ahead in the crucial microprocessor segment where it is 5% ahead of its closest rival.

This new study ratifies Gemplus’ long standing leadership in an industry that has experienced significant and rapid restructuring in the past year. Gemplus remains the world’s most prolific smart card solutions provider for telecommunications, financial services and e-business security offering integrated and tailor-made smart card-based systems.

![][1] “We are very proud to be recognized by a body as well respected as Gartner Dataquest as the leader in every segment of our industry,” said Antonio Perez, CEO of Gemplus International SA. “We will continue to develop our product offerings, software and services to better serve our clients and to reinforce our position. Our recent listing and strong financial position allow us to further our ambitions in a market, which in spite of the slow-down in mobile telephony, continues to experience significant growth.”

2000 was a record year for Gemplus with the highest revenue growth amongst the major players in the industry (57% up from 1999) demonstrating its strong business model, technological leadership and powerful market position. This research is published by Gartner Dataquest, the recognized leader in market intelligence for the hi-tech industry ([www.gartner.com][2]).

About Gemplus

Gemplus: The World’s Leading Smart Card Solutions Provider

Since its creation in 1988, Gemplus International S.A.(Euronext: Sicovam 5768 and NASDAQ:GEMP) has driven the global marketing and deployment of smart card-based applications for telecommunications, financial services and e-business security.

Gemplus is instrumental throughout the value chain — chip design, card management systems, software development, and consulting — delivering integrated custom-made solutions for the security, personalization and privacy management needs of clients and partners worldwide.

Gemplus technology has played a defining role in the development of wireless telephony since the introduction of SIM cards into the GSM standard in 1990. For more than a decade, Gemplus has pioneered applications that enable network operators around the world to answer the changing needs of their customers. Gemplus was first to market with a 3G card and supplies a product range compliant with new and emerging transmission standards – 2.5G, 3G.

In 2000, revenue was 1.205 billion Euros, up 57% from the previous year’s 767 million Euros. Net income was 99 million Euros. Gemplus employs more than 7800 people in 37 countries worldwide.

Since December 11, 2000, Gemplus shares have been trading on Euronext Paris S.A. First Market and on Nasdaq Stock Market(TM) at GEMP in the form of ADSs. Gemplus: [www.gemplus.com][3].

[1]: /graphic/gartner/gartner.gif
[2]: http://www.gartner.com/
[3]: http://www.gemplus.com/

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Vital Capstone

Vital Processing Services has signed an agreement to purchase HNC Software’s ‘Capstone Online’. ‘Capstone Online’ has case management and automated decision-making functionality that will allow Vital’s clients to automate their merchant application credit review and acceptance process. While the issuing side of the payment processing industry is already using instant credit application services, this agreement is a significant effort to bring similar risk strategies to the acquirer/merchant side of the business.

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Wireless Card Numbering

San Francisco-based The Brodia Group and Toronto-based Oasis Technology are teaming up to integrate Oasis virtual card numbering software with Brodia’s digital wallet and commerce platform. The agreement provides for an OEM-level integration of Oasis Technology’s ‘IST/iSeries’ card products with the ‘Brodia Platform’ and digital wallet. In October, Brodia introduced an advanced server-based digital wallet incorporating virtual card numbering card numbers from a third party supplier that provided consumers with the option of a unique credit card number used for transactions at a single web site. Oasis separately introduced its ‘IST/iSeries’ payment product line, enabling virtual card numbering cards and rules-based card processing for any major card type.

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Fair Isaac 1Q/01

Fair, Isaac and Company, Incorporated announced record results for the second fiscal quarter ended March 31, 2001. Revenues for the quarter grew 11% to $81.1 million from $73.3 million in the second quarter of fiscal 2000.

Net income for the second fiscal quarter reached $10.7 million, or $0.71 per share (diluted), up 49% compared with net income of $7.1 million, or $0.49 per share (diluted), after restructuring charges, for the second quarter of last year.

Revenues for the six-month period ended March 31, 2001 totaled $158.2 million, an increase of 10% compared with $143.4 million for the first half of fiscal 2000. Net income for the six-month period reached $19.5 million, up 61% from $12.1 million, after restructuring charges and non-recurring expenses, for the first half of fiscal 2000.

“We delivered exceptional earnings growth this quarter as a result of productivity gains from our netsourced business model,” said Tom Grudnowski, Fair, Isaac CEO. “In addition to achieving record revenues and profitability, we saw solid demand for our decision technology in our core markets. Since businesses use our solutions to make more profitable decisions, our solutions are in demand even in the current difficult business climate.

“One of the highlights of the second quarter was our successful launch of our myFICO®.com Web site. Working in partnership with Equifax, we made available to consumers — for the first time ever — their FICO®(R) credit risk scores, effectively expanding our premier brand into the consumer market. Demand has been strong, and we are very pleased with the market’s response to this new service,” said Grudnowski.

About Fair, Isaac

Fair, Isaac and Company is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years and is headquartered in San Rafael, California.

For complete details on Fair Isaac’s latest quarter visit CardData ([www.carddata.com][1])

[1]: http://www.carddata.com/

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Trades Card

TD Waterhouse and First USA unveiled the ‘TD Waterhouse e.card VISA’ card this week. The new card enables customers to earn points toward free trades in their TD Waterhouse brokerage account. A free trade is earned for every $2,000 spent on retail purchases. The card also features no annual fee and a 5% rebate reflected on the customers credit card statement for purchases made at select online merchants. The card offers a prime +6.9% go-to APR after a six-month intro rate. TD Waterhouse currently services 4.5 million customer accounts in the United States, Canada, the United Kingdom, Australia, and Hong Kong.

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Disclosures Settlement

MemberWorks and its client Sears, Roebuck & Company, have entered into a voluntary agreement with the state of California to alleviate concerns that some consumers may be confused by disclosures made while marketing membership programs. MemberWorks will begin implementing its new national best marketing practices established earlier this year in an agreement with the Nebraska Attorney General. As part of the agreement, MemberWorks will pay costs of investigation and civil penalties of $1.5 million to be split between California and relevant counties. Sears will pay costs of investigation and civil penalties of $500,000 to be split between the state of California and the counties involved. Under its marketing agreement with Sears, MemberWorks will reimburse Sears the $500,000.

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Decision Code Cracked

Fair, Isaac announced that it has cracked the code for empirically developing decision strategies that maximize profit. Working with several top-tier credit card issuers, FI tested this new science and saw results far beyond those possible with today’s standard optimization technology. FI says the tests it conducted in the area of credit line strategies showed profit increases of 5-35% over 18 months, in an industry that has been applying rich analytics for years. The company believes its new technology will fuel a fundamental shift in how mission-critical business decisions are made across a range of highly competitive industries, including financial services, insurance, retail and telecommunications. Fair, Isaac’s technology marries analytic disciplines such as Bayesian networks to advanced, non-linear optimization techniques. In this hybrid technology, a holistic decision model maps the relationship between hundreds of variables — such as customer data, product preferences and features, and profit drivers — to the range of actions available to the user and the business objective, such as maximizing profit.

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Freddie Card

For the fourth consecutive year, Diners Club was named the top American credit card in the ‘Annual Freddie Awards’ for domestic and international frequent flyer programs. ‘Qantas Telstra VISA Card’ captured top international honors for the first time. VISA’s ‘Daily Double’ promotion with Marriott received an award for the ‘Best Bonus Promotion’ by a hotel. A total of 164,891 ballots were cast this year in the 13th annual poll. In the frequent flyer program category, ‘Continental OnePass’ and ‘SAS EuroBonus’ took the top awards. In the frequent guest programs, ‘Starwood Preferred Guest’ took the top honors in both the American and international sectors. This year’s ‘Freddie’ awards process and promotion was handled by InsideFlyer magazine, MCI WorldCom, Biztravel.com, Netcentives, USATODAY.com and MilePoint.com.

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Digital Insight 1Q/01

Digital Insight Corp. announced record results for the first quarter that ended March 31, 2001.

Revenues for the first quarter were $20.4 million, an increase of 134% from $8.7 million reported in the same period last year and a sequential increase of 12% from the previous quarter.

Pro forma net loss for the quarter, excluding non-cash charges for stock- based compensation, amortization of goodwill and intangibles, and restructuring charges, was $5.6 million, or ($0.19) per share based on 28.9 million common shares outstanding. The consensus forecast reported by First Call was ($.20) per share. During the corresponding quarter in 2000, the pro forma net loss excluding non-cash charges for stock-based compensation, merger-related charges and the cumulative effect of the accounting change as a result of implementing SAB 101 was $7.9 million, or ($0.35) per share based on 22.8 million common shares outstanding.

Net loss for the quarter was $20.0 million, including $2.3 million for the previously announced restructuring charge, or ($0.69) per share, compared to a net loss of $23.4 million, or ($1.03) per share, for the corresponding period in 2000.

Business Highlights

* There were 1,808,000 active Internet banking end-users at the end of the quarter, up 90% from a year earlier and up 17% sequentially from the prior quarter or about 260,000.

* New contracts signed during the quarter added about 1,000,000 potential end-users and 61 new financial institutions with 55 new Internet banking, 38 cash management and 8 lending clients. Average potential end-users for the new Internet banking clients signed increased to about 18,000 from 10,000 in the prior quarter.

* There were 9,141 active cash management users at the end of the quarter, up 32% from the prior quarter. During the quarter, 31 clients went “live” with the cash management service, increasing the total of live cash management clients to 184.

* Bill Payment users increased to 178,000 up 30,000 or up 20% sequentially. Bills paid increased to 2.1 million from 1.7 million in the prior quarter.

* The Company had a total of 788 Internet banking clients with live sites at March 31, 2001, with 74 going live during the quarter. Live Internet banking clients represented 23.2 million potential end-users and an overall penetration of 7.8%. The total number of potential end- users of the 1,066 contracted Internet banking institutions was 27 million.

“We achieved record revenue and robust end-user growth, surpassing 1.8 million active end-users with our Internet banking customers and we showed strong growth with our cash management service,” said John Dorman, chairman and CEO of Digital Insight. “Even in the midst of the current economic slowdown, our financial results illustrate the strength of our business model with the highly recurring nature of our revenue, as we continue to drive towards operating profitability in the fourth quarter of this year.”

Year 2001 Business Outlook

The Company expects second quarter revenues in 2001 to be between $23.0 million and $23.5 million. The pro forma net loss per diluted share in the second quarter is expected to be between ($0.10) and ($0.11), excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles and restructuring charges.

The Company continues to expect full year 2001 revenues to exceed $100 million. The pro forma net loss per diluted share for the full year is expected to be between ($0.29) and ($0.32), excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles, and restructuring charges.

Recent Announcements

– AXIS(TM) Wireless Banking. Digital Insight announced that Motorola Employees Credit Union – West is the first Arizona Credit Union to deploy AXIS Wireless Banking, allowing the credit union to offer its more than 55,000 members access to the AXIS Internet Banking service via Palm VII, WAP-enabled cell phones and text-enabled digital phones.

– Celent Rankings. Celent Communications, for the second year in a row, ranked Digital Insight as the number one provider of Internet banking services for financial institutions with up to $2 billion in assets and second for financial institutions between $2 and $10 billion in assets, moving up from fourth place last year. Digital Insight was the only vendor to receive rankings this high in two of the three categories.

– New Members on Board of Directors. Digital Insight added three experienced technology veterans to the Board of Directors. Betsy Atkins, Michael Hallman and Michael Splinter bring with them a wealth of knowledge, experience and vision from past affiliations with Boeing, Intel, Lucent, Microsoft and other public and private companies.

– Cash Management Enhancements. Digital Insight introduced significant enhancements to its AXIS Cash Management solution. The enhancements are designed to make AXIS Cash Management 3.1 easier to use. The enhancement adds feature functionality, improved communication and provides greater flexibility for business customers of financial institutions.

– Hawaii Impulse Signed with Digital Insight. Following an extensive vendor evaluation, Hawaii Impulse Systems selected Digital Insight based on company viability, pricing and product strength. The choice of Digital Insight enables Hawaii Impulse to offer its member credit unions our broad array of Internet-based services, including Internet banking and bill payment, as well as value-added services such as Internet lending.

– Digital Insight Named Dale R. Walker President and COO. With more than 30 years of experience from diverse financial services companies including Ford Motor Credit, AIG, ITT Financial Corporation, Wells Fargo, and Union Bank, Walker comes to Digital Insight with a strong background in running fast-paced financial services operations and with an intimate knowledge of that industry.

About Digital Insight

Digital Insight(TM) Corporation () is the preferred eFinance enabler for visionary financial institutions. Through its comprehensive portfolio of outsourced, Internet-based financial products and services built upon the company’s unique architecture, Digital Insight moves banks and credit unions Beyond Internet Banking(TM) to become the trusted transaction hub for their retail and commercial customers. Exclusively endorsed by the American Bankers Association(R) (ABA), and currently serving more than 1,300 financial institution clients nationwide, Digital Insight provides retail and commercial Internet banking, electronic bill payment and presentment, eCommerce portal technology, wireless channel delivery, advanced targeted marketing, website development and maintenance, as well as online and call center lending services. Each Digital Insight product and service reinforces the brands of its client financial institutions. Digital Insight. Beyond Internet Banking.(TM).

For more details on Digital Insight’s latest quarter visit CardData ([www.carddata.com][1])

[1]: http://www.carddata.com

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